The Impact of Entrepreneurial Risk Aversion on Wages in General Equilibrium
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https://www.nber.org/papers/w20992
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One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk averse individuals become their employees. Kihlstrom and Laffont (1979) formalized this insight in an elegant and widely taught general equilibrium model. However, their model has
提供机构:
美国国家经济研究局
创建时间:
2015-03-01



